Assistance of 1.8 billion euros for the Republic of Moldova: 420 million are grants, the rest - loans
The sum of 420 million euros of the total assistance of 1.8 billion euros, announced today by the President of the European Commission, Ursula von der Leyen, in Chisinau, are non-refundable grants, while the rest are loans, said the Deputy Prime Minister for European Integration, Cristina Gerasimov. The funds will be allocated gradually over the next three years, depending on the fulfilment of the measures established in the Growth Plan for the Republic of Moldova, which is to be finalized by the end of this year.
"The €1.8 billion assistance has a large, significant grant component and a significant, including, loan component. They will come at an extremely advantageous rate for the Republic of Moldova, which will help us to return the loan from the economic growth that we will have in the coming years".
The Deputy Prime Minister for European Integration, Cristina Gherasimov, said that the money will be invested in the development of the Republic of Moldova in the coming years.
"We will see an economic transformation of the state based on this truly historic financial support, because it is the biggest aid announced since the Independence of the Republic of Moldova. (…) From kindergartens to schools, energy security, economy, the creation of new jobs. The economy of the Republic of Moldova is expected to double over the next 10 years. I say let's enjoy this day, these funds that we've all been waiting for".
We remind that, on an official visit to Chisinau, the President of the European Commission, Ursula von der Leyen, announced today, in Chisinau, a new financial package worth 1.8 billion euros for the development of the Republic of Moldova. The funds will be directed to economic growth and infrastructure modernization, as well as to projects that bring the country's economy closer to European standards, von der Leyen said. Also, the president of the European Commission emphasized that the Republic of Moldova will benefit from the expansion of access to the single European market and will have support in the training of the workforce, thus offering more opportunities for citizens and SMEs.
